Daily analytical report (25/11/16)


Take profit action on the market continues. It was initiated yesterday but today we can see the first results.

EURUSD breaks two week downtrend line and tries to extend the correction.

USDCHF is about to make a 5th identical correction in a row, all they need is an upswing; the problem is that they need that exactly now.

Gold and silver could create a bullish engulfing on the daily chart being at an important support. That could initiate a deeper correction.

EURCHF with a shooting star bouncing from a long-term horizontal resistance. This can be considered as a strong sell signal; only if there was no SNB around.

Source:: Daily analytical report (25/11/16)

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